Will oil price rise choke off stock rally?

10:23 PM,
Aug. 28, 2013

The possibility of rising oil prices could slow down the stock market's rally.

Written by

Adam Shell
Gannett

NEW YORK - A barrel of oil for $150. Ouch. It's not out of the realm of possibilities if the USA's expected military strike at Syria reverberates through the Mideast, sparking a larger supply disruption in the volatile oil-producing region.

That market call, authored by Michael Wittner, an oil analyst at Société Générale, received its fair share of attention on Wall Street, where anxiety is running high as geopolitical risks rise.

A jump in oil prices would be detrimental to a globe already short on economic growth. The good news: $150 per barrel for Brent crude isn't Wittner's base case, ...